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🔎 Acts & Rules - Adv. Search
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        Case ID :

        Clause 124 - Amendment of section 127C.

        Finance Bill, 2023
        Customs

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        Settlement timeframe: order on settlement applications must be passed within prescribed period or proceedings abate and return to adjudicator. The amendment inserts a sub section requiring that the order under sub section (5) be passed within nine months from the last day of the month in which the application under section 127B is made; if no order is passed within that period the settlement proceedings shall abate and the adjudicating authority shall dispose of the application as if no application had been made. The period may be extended by the Settlement Commission for reasons recorded in writing for up to three months, and pending applications on assent are reckoned from the assent date.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Settlement timeframe: order on settlement applications must be passed within prescribed period or proceedings abate and return to adjudicator.

                                The amendment inserts a sub section requiring that the order under sub section (5) be passed within nine months from the last day of the month in which the application under section 127B is made; if no order is passed within that period the settlement proceedings shall abate and the adjudicating authority shall dispose of the application as if no application had been made. The period may be extended by the Settlement Commission for reasons recorded in writing for up to three months, and pending applications on assent are reckoned from the assent date.





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                                ActsIncome Tax
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